Skip to main content

Dangote Sugar Refinery In Niger State Shut Down

The Dangote Sugar Refinery (DSR) Plc has announced the closure of its company in Niger state over a land acquisition dispute. The company announced the development in its 2020 consolidated and separate financial statements.

It said the land was purchased for its backward integration project (BIP) which is ongoing in some other states including Adamawa, Nasarawa, and Taraba.

DSR said the BIP includes a 10-year sugar development plan to produce 1.5 million metric tonnes per annum of sugar from locally grown sugarcane.

It said the dispute in Niger led to a stretched situation that had started accumulating negative returns.

“The Company began its Backward Integration Project (BIP) with a 10-year sugar development plan, to produce 1.5 million MT per annum of sugar from locally grown sugarcane. The Project commenced with the acquisition of large expanse of land in strategic locations such as Niger State, Taraba State, Adamawa State, and Nasarawa State,” the report read.

“To this end, four (4) BIP sugar companies; Dangote Taraba Sugar Limited, Dangote Adamawa Sugar Limited, Nasarawa Sugar Company Limited, and Dangote Niger Sugar Limited were incorporated. Prior to the merger of DSR and SSCL, the Company had commenced rehabilitation and expansion of SSCL Sugar Factory at Numan towards increasing production capacity by 6,000 tons of cane per day (TCD).

“Sugarcane planting has also commenced in two other BIP locations. Regrettably, due to community dispute over the land acquired in Niger State, projected activities have not commenced in Niger State. This had been a stretched situation that had started accumulating negative returns.

“In view of this, the Board of Directors took a decisive decision to wind-up the BIP Company in Niger State. In December 2020, the winding-up proceedings for Dangote Niger Sugar Limited were completed.”


Comments

Popular posts from this blog

$114.28m COVID-19 loan: SERAP asks World Bank to make Nigeria ‘publicly commit to transparency’

Socio-Economic Rights and Accountability Project, (SERAP) has sent an open letter to the World Bank President Mr David Malpass, urging him to use his “good offices to encourage the Federal Government and 36 state governments to publicly commit to transparency and accountability in the spending of the $114.28m credit and grant for COVID-19, which the Bank’s Board of Directors recently approved for Nigeria, including by publishing details on a dedicated websit". SERAP also urged Mr Malpass to “put pressure on authorities and the 36 state governors to accept voluntary scrutiny by Nigerians and civil society regarding the spending of the funds and use of the resources, including on how they will spend the money to buy medical equipment, and improve access to clean water, sanitation and hygiene" The World Bank Board of Directors last Friday approved a $114.28 financing “to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with a specific focus on state level...

Notorious Fulani Boys Killing Farmers In Edo Forest Caught & Their Confession

Notorious Fulani Boys Killing Farmers In Edo Forest Caught And Their Confession Will Shock U. Video Below:

Looted COVID Palliatives Were Meant For Special Vulnerable Group – Kwara Govt

  The state government in a statement signed by the Commissioner for Communications, Harriet Afolabi-Oshatimehin, on Friday, said the items were meant for the poor and a special group of vulnerable people. The Commissioner said further that CACOVID and the state government on September 23rd flagged off the distribution of the palliatives and had distributed the majority of the palliatives to the identified vulnerable households in 15 of the 16 local government areas of the state. “The remaining palliatives in the terminal, which the hoodlums preyed on until chased away by security agencies, were meant for special vulnerable groups and just one local government where names of the beneficiaries have just been delivered and officials have started distributing when the street urchins breached the wall of the facility,” the statement added. Afolabi-Oshatimehin explained that the looted items were meant for specific households, as dictated by CACOVID, and so names had to be properly gene...